new york city mayor michael bloomberg it an effort to create more affordable housing for 500,000 residents, announced a project calling might my micro new york. multifamily building and 55 apartments and using prefabricated modules built in brooklyn. the apartments range in size from 250 to 270 square feet. the cost? 940 for a studio and $1700 for a two-person apartment. not a two bedroom, a two-person apartment. residents will begin to move in in september of 2015. the artist renderings are hysterical. like a bed that folds up. your table, living room is underneath it. push it to the side and pull it down, that is where you sleep. there is actually a tub. you like it? you're moving there? lori: comical thing i never lived in a new york space much bigger that on that, 500 square feet. that is normal for new york. i think what is interesting about the micro spaces are storage capacity. i was joking. i put my sweaters in the oven. storage components and pop-up bed, it is clever the way that they're giving you more storage. melissa: you think you would still have to put your sweaters in the o